UBS has upgraded shares in Teekay LNG Partners despite a weaker than forecast second quarter performance.
Analyst Spiro Dounis boosted the MLP from neutral to buy noting compelling yield above 10%.
“TGP is trading 330bps above its lifetime yield and at levels not seen since the financial crisis,” the analyst said in a report today.
Teekay LNG Partners yesterday reported adjusted net income of $39.5m
